Search by company

Standard Life Bank continues revamp of buy-to-let range

Edited by the Insidemoneytalk editorial team Aug 8, 2007

Standard Life Bank is introducing free legals and no valuation fees to its Freestyle buy-to-let remortgage range as part of wide-ranging buy-to-let enhancements.

The latest changes, effective from July 30, follow a series of product developments, announced in June, including: Half-price arrangement/booking fees for any landlord purchasing more than one buy-to-let property with a Standard Life Bank mortgage (fees for first mortgage at standard rate, all subsequent mortgages up to a maximum of nine additional properties in a 12-month-period following AIP of first application, reduced by 50 per cent, up to a total loan value of £1.5 million); Rental yield requirement reduced to 110 per cent from 120 per cent; Verification of income not be required for loan-to-value of up to 85 per cent (increased from 75 per cent).

Jackie Moran, Head of Sales for Standard Life Bank, said: "This ongoing enhancement further strengthens our buy-to-let offering and makes it even easier for advisers to recommend Standard Life Bank for all their client's buy-to-let needs.

"With the new enhanced range of buy-to-let products, clients will be able to save even more, especially when buying or remortgaging multiple properties," she said.

For further information, and to use Standard Life Bank's buy-to-let calculators, landlords should log onto www.freestylemortgages.com Further information for advisers can be found at www.standardlifebank.com/adviser or by calling 0845 845 8451.

Issued By: Elspeth GilroyTelephone: 07811 375 998Email: Elspethg@consol.co.ukDate: 6 August 2007Ref: CCM/PR/2007/.